Mitsubishi UFJ Asset Management Co. Ltd. Has $115.57 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 476,991 shares of the insurance provider’s stock after acquiring an additional 29,301 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Travelers Companies were worth $115,570,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after buying an additional 41 shares during the last quarter. Quent Capital LLC grew its stake in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares in the last quarter. Somerset Trust Co increased its stake in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC raised its position in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Monday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Trading Up 0.2 %

TRV opened at $262.91 on Friday. The firm’s fifty day simple moving average is $250.11 and its 200 day simple moving average is $247.75. The stock has a market capitalization of $59.61 billion, a P/E ratio of 12.25, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.